BYDFi keeps building a strong foundation for its exchange. This includes regular listings of new protocols. bitcoin Their latest listings cover various crypto verticals. Diversity is key. This new round brings a zk Rollup, DePIN, and blockchain gaming protocols to the table.
So, here are the 4 new protocols on BYDFi. Let’s dive in.
Manta Network (MANTA)
Manta Network managed to attract a lot of attention recently. Their New Paradigm caught plenty of interest. The New Paradigm program also qualified you for the Manta token airdrop. The TGE (Token Generation Event) and airdrop took place on the 18th of January. By now, most major exchanges have the MANTA token listed. No wonder that BYDFi followed suit and listed the MANTA/USDT trading pair.
The Manta Pacific mainnet is live and runs on Celestia. So, it should come as no surprise that Manta has a modular chain. Among other things, this offers low gas fees. Currently, the chain has $1.51 billion TVL, with 13.51 million completed transactions. The ecosystem boasts no less than 196 projects. The Manta Network also offers plenty of new ZK use cases. This includes, for example, on-chain KYC verification without having to scan your passport.
The current Manta price is $2.53. It has a market cap of $635 million. The max and total supply is 1 billion tokens. Out of these, 251 million already circulate.

Explore $MANTA, the native utility and governance token of @MantaNetwork 🔱$MANTA empowers users across #MantaPacific and #MantaAtlantic, facilitating an improved experience for the modular ecosystem built for scalable, next-generation dApps.https://t.co/XFwIhLy9L9
— Manta Network (🔱,🔱) #MantaNewParadigm (@MantaNetwork) January 15, 2024

Storj (STORJ)
With Storj we enter the DePIN realm. The protocol is all about distributed cloud object storage. Storj is not only secure, but also private, sustainable, and affordable. Furthermore, it claims to be 80% more cost-effective. Their storage options are also decentralized.
Storj stores unused storage space around the world. It uses a global network to achieve this. Here are the four steps that Storj uses to do this.

It encrypts objects.
It splits the objects into smaller pieces. Now all small pieces from various objects all look the same. As a result, you can’t trace them and put them back together. Only Storj can do this.
All pieces are distributed around the world, in the Storj global network. It uses uncorrelated nodes for this.
The Storj system can retrieve your objects when they’re needed. For this, it only needs 29 pieces of an object.

The STORJ token has been around since October 2017. The current STORJ price is $0.5143. Its market cap is $74 million. The total supply is 425 million STORJ tokens. There are 143 million tokens in circulation. Below is a short explanatory video about Storj.

Storj3.39K subscribersIntroducing Storj – Distributed Cloud StorageStorjSearchWatch laterShareCopy linkInfoShoppingTap to unmuteIf playback doesn’t begin shortly, try restarting your device.Full screen is unavailable. Learn MoreMore videosMore videosYou’re signed outVideos you watch may be added to the TV’s watch history and influence TV recommendations. To avoid this, cancel and sign in to YouTube on your computer.CancelConfirmShareInclude playlistAn error occurred while retrieving sharing information. Please try again later.Watch on0:000:00 / 1:09•Live•writeEmbed();if (window.ytcsi) {ytcsi.infoGel({serverTimeMs: 72.0 }, ”);}An error occurred.Try watching this video on www.youtube.com, or enable JavaScript if it is disabled in your browser.

IoTeX (IOTX)
IoTeX calls itself a platform for DePIN builders. It offers plenty of IoT (Internet of Things) and smart device options. For example, it connects devices like cameras or sensors. Or how about smart homes or connected vehicles? IoTeX also brings privacy to your connected devices.
The protocol dates back to 2017. The IOTX token launched in 2018 and their mainnet in April 2019. As a result, IoTeX has an impressive ecosystem. Currently, it hosts 230 projects. These cover sectors like NFTs, DeFi, DePIN, Wallets, or GameFi. For example,

Supra — an oracle.
W3bstream — decentralized infrastructure.
WIFI Map — brings free Wi-Fi to the world.
Frontier Wallet — a noncustodial wallet.

The current price of the IOTX token is $0.04. It has a market cap of $377 million. The total and max token supply is 9.496 million IOTX tokens. The circulating supply is 9.441 million tokens. The difference is in the Burn-Drop design of their tokenomics. Over time, the protocol will burn 900 million IOTX. It gives back another 100 million tokens it will drop to stakers. Below is an introductory video to IoTeX.

IoTeX Official16.2K subscribersThe IoTeX VisionIoTeX OfficialSearchWatch laterShareCopy linkInfoShoppingTap to unmuteIf playback doesn’t begin shortly, try restarting your device.Full screen is unavailable. Learn MoreMore videosMore videosYou’re signed outVideos you watch may be added to the TV’s watch history and influence TV recommendations. To avoid this, cancel and sign in to YouTube on your computer.CancelConfirmShareInclude playlistAn error occurred while retrieving sharing information. Please try again later.Watch on0:000:00 / 1:12•Live•writeEmbed();if (window.ytcsi) {ytcsi.infoGel({serverTimeMs: 111.0 }, ”);}An error occurred.Try watching this video on www.youtube.com, or enable JavaScript if it is disabled in your browser.

Xai (XAI)
Xai is a blockchain gaming platform on Arbitrum. That already makes for fast and cheap transactions. These are a must for blockchain games. It’s a Layer 3 chain that aims to create AAA games. To clarify, L3 is the application layer or the Dapps. The gaming industry is massive. By 2030 it’s expected to have a $682 billion value. 
So, it’s no surprise that plenty of gaming platforms want to onboard billions of players. Xai is among these platforms. The Xai protocol also offers a crypto wallet-free experience. This may prove to be a great move. For non-crypto-savvy people, wallets can be a serious hurdle. The idea is to play their games without noticing you’re on a blockchain.
The current XAI price is $0.7234. The token launched in early January and BYDFi listed it on the 10th of January. It has a market cap of $200 million. The max supply is 2.5 billion XAI tokens. Its total supply is 984 million tokens. The circulating supply is 277 million tokens. See the picture below.

Source: Xai Foundation Gitbook
Conclusion
BYDFi is an exchange that keeps the wheels in motion. For an exchange, that means, among others, listing new coins. So, we take a closer look at their recent listing of 4 new protocols. The Manta Network (MANTA), Storj (STORJ), IoTeX (IOTX), and Xai (XAI).

Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. This article has been sponsored by BYDFi.
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